CIPFA in further property investment crackdown

By Dan Peters | 15 November 2019

The prudential code has been further clarified to ‘ensure that responsible decisions are made with transparency and financial sustainability in mind’.

Guidance issued today by the Chartered Institute of Public Finance and Accountancy (CIPFA) comes after an increased number of local authorities looked to commercial property investments, including hotels, farms and retail properties, to boost their revenue generation.

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